Norway's Havyard Group books PSV order from India's Global Offshore

MAY 29, 2012 —Norway's Havyard Group has signed a contract to deliver a platform supply vessel of Havyard 832 design to India's Global Offshore (formerly Garware). The NOK 270 million contract includes an option for a second similar vessel. If the option is exercised, the two vessels will be the seventh and eighth to be built by Havyard for this customer. Five vessels have already been constructed and delivered from Havyard Ship Technology in Leirvik, Norway. The Fosnavåg-based company is also in the middle of constructing a vessel of a Havyard 832 design, due to be delivered from the Leirvik shipyard in March next year. And just before last weekend the latest contract for a vessel of a Havyard 832 design to be delivered in July next year, was signed to the value of NOK 270 million. There`s also an option for delivery of a vessel of the same design in March 2014. The 8 vessels have a value of around NOK 2 billion. Aditya Garware, Vice Chairman & Managing Director of Global Offshore Services Ltd., says, "Even though a Havyard vessel may cost more than vessels in some other countries, the quality and reliability of the vessels are extremely satisfactory. We are delighted with Havyard and with the performance of their vessels and also with the fact that deliveries of the ships, which is vital, happen on time. In addition, operating costs in terms of repair and maintenance are also low. As a result the off hire periods are the shortest possible and Havyard`s vessels also tend to keep their value many years after delivery." Under an earlier agreement signed with Havyard Ship Technology (HST), Havyard Group is to acti as the purchasing coordinator for Global Offshore Services in all its future operating- and maintenance needs throughout the world.